the capital market. Constant and thorough reviews of relevant operations have been proceeded in collaboration with all sectors involved, especially transactions with high risks and potential incentives
current audit firm or when its current audit firm does not want to continue the audit engagement (Blouin et al., 2007). A client dismisses its current audit firm because of the following reasons: - A bad
rate translation, revenue from sales grew by 6.7% YoY at constant FX. The growth drivers lie in our core businesses, both domestic beverages and personal care with the growth of 6.6% and 10.7
ease this pressure, and with the upward trend in prices, we will continue to expect healthy margins.” 2. Outlook Overall Thai economic activity in the first quarter of 2018 beat expectations with an
& Calpis grew 2.7% YoY. Total Personal care continued its momentum with 11.5% growth YoY, with 42.8% growth in CLM markets. International business grew 1.5% at constant FX rate, driven by Myanmar growth
& Calpis grew 1.5% YoY and above market growth. C-Vitt became #1 brand in functional drink with market share of 23.3% in Q3’18 from 16.9% in Q2’18. Domestic Personal Care grew 9.1% YoY. At constant FX
products instead. In this regard, the Company foresees that should the manufacturing business continue, the Company would be required to bear such fixed costs as depreciation costs, salaries for production
than expected improvement projects on the kilns. However, going into H2 variable cost savings will add to EBITDA as we see the impact of lower fuel costs Efforts continue to optimize cost further with
are likely to continuously reduce while the Company has to bear for the costs, which would result in such business being at a loss. Therefore, the Company foresees that it is not worthwhile to continue
rectification to ensure that their quality control system and their auditors’ practice will be efficient and effective. Looking ahead to 2017, the SEC will continue to implement the framework for creating and